Wait and See Period in Bitcoin: New Rising Wave May Come Very Soon!

CryptoQaunt pointed out that the Bitcoin and cryptocurrency market may be going through an important period.

The author of the on-chain analysis platform CryptoQuant shared his bullish expectation for the cryptocurrency market, based on Coinbase Premium indicators.

In the said analysis, it was stated that the Coinbase Premium trend has entered a downward trend in the past weeks, but if this trend is broken and the upward momentum returns, the prices may move much higher.

For example, pointing to the period when Grayscale won the case of converting GBTC into an ETF, the analyst pointed out that, historically speaking, a strong upward wave came with the breaking of the falling trend.

Stating that the Coinbase Premium trend is currently in a neutral to positive area, the experienced name implied that patient investments can bring serious profits: